2011-08-01
2011-08-31
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FOXNEWS 49
CNN 30
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English 337

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. jurlists, three being held after five days at the tripoli hotel. cnn's chaunce was one of them. steve jobs will step down. jobs is on his third medical leave of absence. he didn't mention his health problems directly but he said the time has come to resign. >>> portions of the u.s. east coast are likely to be under a hurricane watch in just a few hours. hurricane irene is tearing through the bahamas right now with sustained winds at 160 miles an hour. it could hit the populated, northeast this weekend. those are the top stories. i'm zain veer gee. "world business today" starts now. >> an ipod, a phone. are you getting it? >>> the innovator steve jobs steps down as ceo of apple. we'll look at the company's future under new leadership. hello. i'm andrew stevens in hng kong. >> and i'm nina dos santos in london. you're watching "world business today." -- captions by vitac -- www.vitac.com >>> let's start with the markets. they were higher for your the second or third trading day. let's look at where they stand at the moment. we've got the heaviest gains comes. the cac 40 in france up the most

of emergency. steve jobs sits down as the company's chief executive. he's set to stay on as chairman. it's 9:00 a.m. here in singapore. >> it's 2:00 a.m. here in london, broadcasting to viewers on pbs in america and around the world. this is "newsday." >> hello, and welcome. as fighting continues in libya, the rebels say they're transfering their government's capital of tripoli from their base in benghazi. colonel gaddafi isn't ready to give up yet. he urged libyans to destroy the rebels. the heaviest fighting is still near olede gaddafi's old capitol in the capital. this report does contain some graphic images. >> descending into colonel gaddafi's underground fortress. the tunnels ran for miles and could have been his escape route. today, rebel fighters were taking the tour. seeing where gaddafi's troops had been holed up. abandoned in a corner, some of their supplies. this underground labyrinth, the secret world was incredibly well constructed. the ceilings here are very high. the walls are very solid. over hering i've just found a phone which was obviously used for internal communication.

for that report. we appreciate it. steve? >> thanks, juliet. almost 48 years ago, martin luther king jr. shared his dream with the world from washington. >> i have a dream that one day this nation will rise up, live out the true meaning of its creed. >> those words that are etched in the fabric of our nation's history will now be etched in stone. the martin luther king jr. memorial will be dedicated officially in washington, d.c. this sunday on the 48th anniversary of the "i have a dream" speech. joining us is the director of african-american outreach for priests for life and niece of dr. martin luther king jr., alvita king. good morning to you. >> hi, steve. >> great to have you, dr. king. this is not only a great day when they dedicate this for your family but great day for america. >> and actually, i'll be there with my mother and my aunt christine and my mother naomi and dexter and martin and bernice. it was just a wonderful time. >> and i mentioned a moment ago that there are going to be apparently over a dozen inspirational quotes on the walls there of what your uncle said. and this is im

you right in the pocket. >> absolutely, steve. the medicare and social security is absolutely front and center in the senior community. when you think about the super committee making decisions that are going to affect us, we're highly concerned about the -- the integrity with which those decisions will be made. will they really understand the needs of the senior community? will they really be thinking about seniors as they create legislation? one of the things that -- the promises made in the election of campaign of 2008, was that legislation would be open and transparent. >> good one. >> and -- >> whatever happened to that? >> to be a part of that, you know, and quite frankly, what concerns me most of all through this whole process is everything has been behind closed doors. we have no idea what's going on. >> right, and in fact, the president signed the bill yesterday privately. a picture was released from the white house but there wasn't a big ceremony. chris, going forward, i know you feel that your former commander in chief let you down. how? >> well, i think that we've u

. steve brown is live in ames with some recap. good morning to you, steven. there was a lot going on there, wasn't there? >> there was a bunch. steve, gretchen, clayton, all good morning. gretchen, got to ask you, what's up with the candidates from your home state? i thought minnesota nice was a law if your state. last night, it was revoked obviously and it had michelle bachmann and tim pawlenty spending much of the evening going at each other. here is yet one small example of that exchange. have a listen. >> she says that she's fighting for these things. she fought for less government spending. we got a lot more. she led the effort against obama care. we got obama care. she led the effort against tarp. we got tarp. she said she's got a titanium spine, it's not her spine we're worried about, it's her record of results. if that's your view of effective leadership with results, please stop because you're killing us. >> wait. >> you were governor in minnesota, you implemented cap and trade in our state. and you praised the unconstitutional individual mandates and you called for requiring a

't worry, he says he has a plan. steve? >> what is it? meanwhile, london is burning. the city erupting into flames overnight as violent riots grow for a third straight day. latest details moments away. "fox & friends" up early on this tuesday starts now. >> hey, this is boone pickens. you're watching "fox & friends." great show. watch it every morning. >> thank you very much for that endorsement and good morning, folks. we are up 5:00 a.m. eastern here in new york city. good morning to you, eric. >> good morning, steve dooszy. i got to tell you last night, i was here until 11:00 watching the markets. it's something very scary going on. around 10:00, the markets were down 100 points. it looks like there was no bottom at sight. we went 350 points lower at one point last night atop of that number right there. 634. literally 1,000 points for the day at one point. we closed the market and closed the show down and we woke up this morning and somehow, we have a little bit a bounceback. >> a little bit. >> a little bit of a bounceback. >> people are wondering about the asian markets and euro

a minimum, steve. >> absolutely. nikkei index finished down something like 2%. right now, i was looking at the european stock market and, you know, it's pretty much down one, two, almost 3%. and the dow right now is down, what, 238 points right now as we speak. so it's really moving lower. >> that's not good for us. for more reaction, let's go to fox news reporter jennifer davis joining us live from our d.c. bureau. good morning to you. >> good morning, guys. all eyes on the global markets today to see how they react to news of this s&p downgrade. u.s. stock futures have tumbled. asian markets down. what's going to happen on wall street? that's the million dollar question today. the news from s&p came after those markets had closed on friday. downgrade going from triple a status down one notch to double a plus. s&p says this is a reflection not only of the political gridlock in washington and fact that the ratings agency doubts whether or not lawmakers can come together to work this problem out but also about the fact that they say that debt ceiling deal last week didn't cut enough. s&p

'll bring it to you. >>> also ahead, steve jobs and his surprise announcement and the impact on apple. we'll take a closer look just ahead. >>> and also, more rattled nerves in virginia this morning with at least one aftershock following tuesday's rare earthquake. we'll update you from there as well. ♪ with diabetes, it's tough to keep life balanced. i don't always have time to eat like i should. and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digestible carbs to help minimize blood sugar spikes, which can help lower a1c. glucerna products help me keep everything balanced. [ golf clubs clanking ] [ husband ] i'm good! well, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. [ male announcer ] glucerna. delicious shakes and bars. naturals from delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life. [ jim ] i need to push out a software upgrade. build a new app for the s

newschannel debate in ames, iowa, ahead of the straw poll that's going to happen this weekend. steve brown is on the campus of iowa state university, bright and early this morning, you're on central time, steve. welcome and good morning. >> we are. >> good morning and go cyclones! good morning, gretchen, steve, peter, you need an actual a full inhale before you say the name of tonight's debate is the fox news washington examiner republican party of iowa republican candidates debate. and that takes a full breath but if you're going to take a look at the combatants in this particular debate, let's talk about first the arguably the candidate that has been most in the move in the polls and that would be michelle bachmann. you could argue that based on her performances in the two nationally televised debates so far, that has helped propel michelle bachmann up into the top tier of the presidential candidates for the g.o.p. now, it is interesting in that we've got to debate and then we've got an actual measurable event coming up on saturday which is the straw poll and the chairman of the state p

and the dax had been down. >> important to note, we have this exact same thing play out monday night, steve, i'm sorry, sunday night, monday morning. we were sitting here and talking on the couch. the asian markets were very weak sunday night. last night, we were doing the show on the fox business network. i was sitting there watching, hosting the show. we went down from down 100 futures again but indicating a lower opening to down 200, to down 300. to down 350. we put the asian markets to bed. we woke up this morning in europe, again, floated the boat a little bit like it had yesterday. problem is when the u.s. markets open up, that's when the selling came back and it really -- the markets started to tank once again but right now, we're sitting up a little bit. up a little bit. but it's a great improvement from late last night. >> do you agree with the fact that it was oversold yesterday so we might see a bounce today? >> no, gretchen, because these are big things. this is the first time ever u.s. downgrade of american debt. this is a -- this isn't an overbought, oversold or just money is mo

to break right now. let's go over to steve and peter for another segment. >> thanks so much, gretch. he's very clear they're not going to tolerate anything over there. a turbulent stock market and a struggling economy has many americans and even the mainstream media, the mainstream media now questioning president obama. >> if i don't have this done in three years, then there's going to be a one term proposition. >> there you are, mr. axelrod, that was the president at the start. we're getting right up to that three year point. is this going to be a one term presidency? >> i think the question is what this election -- first of all, let's -- let's certify that we have -- we're in a different place than we were the day he did that interview. >> we are. things are worse. >> things are worse. he's right. is the mainstream media now souring on the president? joining us now is l.a. times columnist andrew malcolm. good morning. >> good morning, how are you today? >> fine, how would you answer that question? is the mainstream media now souring on the president? in the wake of what's gone on

. for more on the international reaction, a preview of what's ahead, we bring in steve, live in london. how do the markets look, steve? >> very good day to you. if you're along these markets it's another torrid start. the asian markets fell over 2% earlier on today, 2.2% was the mean for the lacks of the hang seng and nikkei was down by a similar margin. they were down again. after having rallied. the london market, blue chips down 1 1/2%. germany, the market down 2.1% but the future of the u.s. indices are showing more negativity. the dow futures showing 2.1% lower and the longer context the dow is down 10% in the last two weeks. >> so germany down 2.1%, the futures down here. how much of this, steve, do you think is because of the s&p downgrade, the white house has attacked the s&p saying this is meaningless and got their math wrong but how is everyone reacting. >> we must not forget the s&p warned us back in april they could do this. the market was well prepared for what they were about to do regardless of the politics back in washington. the fact remains though this isn't just the u.s.

in a corner now. >> steve jobs steps down as the chief executive at apple. and hurricane irene continues to gather strength as it moves across the caribbean. it is 11:00 a.m. here in singapore. >> it is 4:00 a.m. here in london. we're broadcasting two years at pbs in america and around the world. this is newsday. hello and welcome. there have been ongoing fierce battles in aaa. colonel -- in tripoli. the whereabouts of the libyan leader are still not known. they have offered a reward of over $1 million for anyone who captures our kills him. gunfire] these are the scenes in green square. it is renamed martyrs square for those who have lost their lives in the name of libya. the families are coming out, waving the replacement for the gaddafi flag. do not be fooled by this celebration. just look at what lies on the ground, all of the bullet casings. this place exploded in celebration, literally. they have been firing off every possible weapon, including anti- aircraft fire. this is to show two libyans and the world that they have ended the colonel gaddafi 40-year rule could look at this scaf

bit about steve jobs as well. huge news. he put out a letter announcing his resignation. it's hard to overstate the impact this guy has had on computing and music. he changed the music business. on film with pixar, on marketing, on retail experience. this guy is a giant in american history. >> no, i think that, you know, we use the term giant too loosely. there's clearly giants and then there's giants. i think he falls in the real giant category because he impacted american culture and world culture. what he did, the technology and as you say music, it transformed how we deal with information. it transformed culture at so many different levels. he changed the face of the earth in how people relate to each other. he will go down in history as a real, real giant and deservingly so. >> he said in a statement, if there was a time i could no longer meet my duties i would be the first to let you know. unfortunately, that day has come. s.e., he touched every part of our lives. >> i think when we all heard he had pancreatic cancer, we saw the writing on the walls. we knew this day would co

's not keeping his eye on expansion plans. in new york, the brewer steve hindy is pushing through various upgrades to allow him to ramp up production. you guessed it. it's time for "the boss." >>> previously on "the boss," leading from the front, steve hindy hits the streets of brooklyn to find out what is sapping sales. >> hey, steve. >> i don't know evidently i don't think there is a problem. i just think we have to work harder and be more persistent. >> in macaw, proud and joy as francis lui opens his casino resorts. >> definitely is my firstborn child. i love it. >> good morning, good morning everyone. >> reporter: francis lui is breathing a sigh of relief. the casino he's worked on for so long has opened without a hitch. >> it has exceeded everybody's expectation. we had the right product at the right time. >> reporter: francis takes a moment to let his executive team know they've done well. >> i think in general, i think we've aced it. >> reporter: as the vice chairman he doesn't dwrel on the achievements for too long. he knows this the real work is only just beginning. >> this is j

and what is the same. wall street journal and editor. dan, and columnist mary ogradey and steve moore. mary annie, are we headed for another recession? >> i wish i knew. on the one side, you have a lot of talk about what glate shape corporate balance sheets are in. but the national fed federation of business. >> that is the small businesses. >> it declined for the fifth month in a row and 10 percent of the small business owners said that only 10 percent expected an increase in employment and 11 percent said they expected to have fewer workers over the next 3months. small business is such a key to the health of the economy that if the small business sector is so negative, it is not a good sign about the health of the recovery. >> steve comparison with 2008, are all over the place. are we better or worse off going into thoo recession? >> i don't think it is 2008 again. i believe what is happening with the u.s. economy is a repudiation of obama nomics. virtually everything that obama has done with the respect to the economy is negative in my opinion and led to more unemployment. this is a repu

and a few upper 80s and a few 90s. here is sal. >>> steve, good morning to you. traffic is moving along pretty well around the bay area. we are looking at the golden gate bridge. traffic looks good heading out to the toll plaza. also the bay bridge toll plaza is light. no major problems on the bridge. lower deck of the bay bridge. road work in the right lanes this morning. watch out for the construction zone. and san mateo bridge traffic looks pretty good. now let's go back to the desk. >>> all right, thank you, sal. we begin with overnight news from santa rosa. police are searching for two men that stormed into an armored car warehouse late last night. allie rasmus tells us how the crime created a terrifying situation for the workers inside. allie. >> reporter: according to san if rosa police the two victims were both prose of the garda armored truck company. we are in santa rosa. this lot is where they store the armored trucks. this started just after 11:00 last night. santa rosa police say they received a 911 call. that call game from one of the company employees that said he and a c

some new technology at bwi airport. hopefully it will make passengers safe. >>> i'm steve handelsman in iowa on this critical day between last night's debate and tomorrow's much-anticipated iowa straw poll. there's rick perry. what's he up to? how does it change the republican race for the white okay, you're the good cop. i'm the bad cop. look, it's still a great time to refinance. listen up, buster! we're not gonna pay any closing fees. i'd do what she says, friend. i can't control her. well, it's the "no closing fee refinance," so we pick up the closing fees. oh, you're gonna pick up the closing fees? yes. on average, that's $3,300 at closing. [ both ] thirty-three hundred?! that's a lot of donuts. [ male announcer ] visit capital one bank today to refinance your mortgage, and we'll pick up, on average, $3,300 at closing. what's in your wallet? i'm good. >>> tomorrow's straw poll in iowa represents the first major test for republicans in the race for the white house. the major candidates are working right now to get out their supporters, but two rivals who have not even declared ye

. tonight, correspondent steve brown looks at what has changed for president since then. and what has not. >> iowa launched barack obama. he won the democratic caucuse caucuses, breezed to take the state in the general election. >> obama for america. >> looking ahead to 2012. >> at the end of the day, the field organization wins these things. it always is. it always has been. it always will be. >> the ace up the president's sleeve in iowa is organization. the huge crowds of three years ago were the result of a large and deep operation, much of which still exist. plus. >> we still got the 35,000 vote edge over the republicans. >> but that's down substantially from the 110,000 register voter edge democrats had in 2008. >> that is putting a chill down the side of david axelrod and the gang in chicago. iowa is competitive territory. >> on the marquee campaign issue of jobs, iowa unemployment is 6%, lower than the national average of 9.1%. the state lost over 21,000 manufacturerring job since the 2008 election. that economic unease was a factor in the 2010 gubernatorial race. >> i defeated inc

,good morning to you. welcome to a brand-new day august 9th i am dave clark. >> i am pam cook and we have steve back with the forecast, hello steve. >> we have fog. >>> visibility reduced there towards the north bay and upper 80s inland unless you are in vacaville where is low -- which is low 90s. sal? >>> traffic is moving a long nicely on highway 4, it is already stop and go in parts of antioch due to construction zone and this morning we are looking at traffic on interstate 880 let's go back to the desk. >>> the opening bell rings in less than 30 minutes and alley will talk about the mood among investors, alley? >> reporter: with the markets opening in about a half hour we have seen more activity as people make their way into work. we had a chance to talk to some of these investors about what they were expecting today. >> i don't know. it kind of fluctuates. >> everybody says it has been consistent and is doing what it can to help the markets but it can be whatever mood we have it will be -- whatever move we have it will be short lived. >> reporter: they have a scheduled meeting and the day

.../// ááfoxáá... p news ...naaional reporter.../ steve centanni... says..../. áátheáá... peaction... is getting... each party is blaming the other for the debt our credit rating. but the man behind thatt downgrade... davvd beers of standard and poors... appeared today on fox news sunday todaa... and said no single parry should take all &pthe blame. beers says: "both ponggess and the administratiin are jointly ressonsible foo tte conduct of fiscal policy. anddso this ii really not about itherr political party, it's about the difficulty of all sides in finding a consensus around ffscal policy choices now and in the future." beers also says a further downgrade ii possible because the u.s. gooernment debt burden will likely continue for years to come. but ot everyone agrees with beers that no and there's a heated debate on capitol hill whethhr tea party republiians are responsible. kerry says: "i believe this ii without ddwngrade. this is the tea party downgrade because a hoose of repreeentatives, countered even the will of many republicans in

with steve harrigan live in tripoli where it's just after midnight. good morning, steve. >> bret, the city of tripoli is once again rocking with the sound of gunfire. all day long we saw and heard young men, who of whom have been fighting the gaddafi regime for six months, firing up in the air. now through the night it's the same stair. antiaircraft gun firing in celebration as well. this is despite the fact there remains much fighting still to be done. >> fighting continues in pockets in tripoli. intensifying throughout the day. by gaddafi's come pound that rebels captured yesterday. inside of the compound is ransacked. debris left similar to that, littering the streets around the city. proregime snipers targeted the road leading to tripoli's airport. while rebels manned various check points throughout the city, performing searches on vehicles. as rebels push ahead, the international focus turns to a humanitarian mission. unfreezing libyan access to aid those affected by months of brutal fighting. meanwhile, dozens of international journalist held captive in a hotel for five days by the g

90 degrees. we'll have more coming up in five minutes. here is sal. >>> steve, right now traffic is moving along nicely if you are driving on westbound 92 san mateo bridge with no major problems. also the morning commute looks good if you are driving on 880 north and southbound past the coliseum. coming up on 5:00 let's go back to the desk. >>> overnight news we are starting with dramatic overnight news. police searching for two gunmen that stormed into an armored car warehouse late last night. allie rasmus is there now to tell us what happened to the terrified workers inside. >> reporter: the two victims of this robbery are employees with the garda armored truck company. we are at anastral park. this is where they park and store their vehicles. this happened just before 11:00 last night. police say they got a 911 call. that came from a employee who said he and a coworker had been locked inside the company warehouse. the two men that robbed them, shut the businesses steel doors behind them after robbing them and leaving. >> we had to free the employees because the doors were lock

't believe so. >> thanks for coming in. >> thank you. >> steve. >> the sinking market is driving down the cost of oil translating to lower prices at the pump. average national prices could be somewhere between $3.3.50 a gallon in the next few weeks in the area today an average for a gallon in dc, 3 .8 8-cents a gallon. >> the president will be in springfield announcing new fuel efficiency standards for work trucks, buses and other heavy duty vehicles it will save businesses in fuel costs it will take effect beginning with 2014 model years. >>> another big story this morning the first phase of the back transition begins today. >>> the long awaited move of defense workers, stirring up traffic concerns. stacy good morning. >> reporter: good morning this is always a busy place to be 200,000 folks commute up and down 395 every single day now with the addition of this large new building that will eventually be 6,000 extra commuters on that stretch of roadway that has been cause for concern the first wave of emily owes arrived for work today. -- employees

street journal and editor. dan, and columnist mary ogradey and steve moore. mary annie, are we headed for another recession? >> i wish i knew. on the one side, you have a lot of talk about what glate shape corporate balance sheets are in. but the national fed federation of business. >> that is the small businesses. >> it declined for the fifth month in a row and 10 percent of the small business owners said that only 10 percent expected an increase in employment and 11 percent said they expected to have fewer workers over the next 3months. small business is such a key to the health of the economy that if the small business sector is so negative, it is not a good sign about the health of the recovery. >> steve comparison with 2008, are all over the place. are we better or worse off going into thoo recession? >> i don't think it is 2008 again. i believe what is happening with the u.s. economy is a repudiation of obama nomics. virtually everything that obama has done with the respect to the economy is negative in my opinion and led to more unemployment. this is a repudiation of the econom

will stay with us for awhile should be nicer on this wednesday morning glad you are with us i am steve >> i am tony perkins in for alison it is a nice day. tucker barnes keeping his eyes on the forecast and tell us more about the weather ahead. >> yeah, you already saw in the live shot less has and humidity. that is really the bright spot it will be a nice day high temperatures back in the 90s. take humidity out of the equation in washington in august, should be a great looking day. conditions out there a few clouds flowing through mostly a sunny start should be a beautiful day a series of weak cold fronts will come through during the day. the first one will dry us out and the second one should cool us down later tonight and during the day tomorrow good looking forecast next couple days temperatures regan national, the warm spot, 77 degrees, dulles 68, fredericks burg, 70 and forecast for today, yeah, here is your planner should be a good one lots of sunshine we will go with warm, less humidity will feel better, highs by 4:00 p.m. low 90s. it will be dry so no need to bring an umbrella. >>

are driving in the south bay, 280 and 17 are off to good starts. >>> let's go to steve. >>> all right, sal. a lot of low clouds. some sun already. low clouds burned back. it willings -- it looks like it will burn off. too much in the way of fog for temperatures to get out of the 60s. low 50s to upper 50s. still -- i and not much change. sonoma county airport, down to 51. low clouds, though, kind of stop any further cooling. west-southwest, what is that 18? 13? and that's not very strong for travis. it needs to be stronger than that. so that along with a shallower fog bank shows me we'll be warmer away from the coast. for those of you looking for warm weather, there's always another system. so you get a warmup. it gets blasted right out. there are signs that an even stronger system could come in. 60s 70s and 80s. ukiah and clearlake, 80 napa. kentfield. 84 dan victims. 88 brentwood. probably about 90 towards vac cau ville. but 67 alameda. pleasanton, 84. 76 milpitas. 75 degrees. los gatos, 70sen the peninsula -- 7s on the peninsula. a lot of -- 70s on the peninsula. a lot of 60s. much of th

not produced jobs as we have seen. >> let me bring in steve forbes who is editor and chief of "forbes", and good to see you, steve. are you seeing assurance in the numbers or what are you making to the markets? >> after falling 1,130 points in the last three trading days it is nice to see recapture 186 points from the loss. the key thing from washington, you will have to see a big change of policy either on the stop the weak dollar policy or a serious effort to fundamentally simplify the tax code and one of those two initiatives would be good for the markets, but i don't see that happening quite yet. >> let's talk about what is good for the markets and the economy overall, because there is a couple themes i have heard over and over as i watched the pundits over the last 24 hours, steve. calling congress back and you heard john say that one high level democrat thought that would be highly productive, and the second is that the president should come forward with a specific plan whether it is what you have suggested or something to really start to move the economy. does he have that kind

going to talk about his caddie. his former caddie steve williams, who was fired not that long ago. rather unceremoniously, one might argue, after being with tiger woods for about 11 years. this weekend the bridgestone invitational took place where tiger has had a lot of success. he was not with his caddie, steve williams. in fact, steve williams was with adam scott who you see on the right. guess who won. yeah, not tiger woods. adam scott won. >> there's some justice in there. >> poetic justice here. there are those saying steve williams is a bit of a sore winner. he's sort of bragging a little bit about all of this, gloloing that fortunes have turned in his favor. >> hard not to do if you are fired. >> tiger woods finished 37th in this tournament. so his fortunes not doing so well. >> maybe the caddie brings the luck. >> some advice, you never know, caddies can make a difference. >> as we know, charlie sheen's character is no o ng over "two and a half men." ashton kutchch all set to take over. now we have the details how they got rid of charlie's character. apparently he will hav

. it's not too bad on that bridge. 7:10, let's go to steve. >> thank you kindly, sal. a lot of fog on the coast. some of it is working its way up the county, but the western part of napa county is working on up. some of that could be real thick, reducing visibility. it will burn off sooner, but there's a big amount of fog out here along the coast. even though high pressure is building in, it's not giving us a north, northeast wind to wipe it out. 49 at the county airport. 61 in mountain view. that's a big difference. santa rosa you're on your way to being cold. that's a big spread. west southwest 14, not much of a breeze. some of the low clouds have made it to the bay especially. southwest at oakland, that's hardly anything, not much of a breeze. so that tells us there's not a real strong delta breeze. it's just a fight between the low pressure to the north and the high pressure to the southwest. the high is kind of building in slightly. it is a result of the inland temperatures, but the coast will be staying a little bit out here. and cool to mild to warm to hot, depending on your

, steve. >>> it is 7:11. it's a controversy and a race for the white house. why some supporters of michele bachmann are furious about this picture of her on the magazine cover. >>> and also three siblings on the run. the crime spree they are accused of and where they may be now. >>> who paid to have a plane fly a banner over wall street with a critical message and why the original plan for this had to be changed? it's a ton of food: 8 of my new mini pancakes, hash brown sticks, scrambled eggs, plus bacon or sausage, all for only $2.99. it's just the kind of breakfast hardworking guys like you need. ...yeah. they're here! ladies, you have the right to remain sexy... >>> taking a live look, they have given up almost all the gains that they had yesterday because more concerns, which is, you know, they fear about the economy and high levels of public debt. f this is just a classic battle. and they are winning right now. they are currently down at 393. nasdaq is down 83 and the s&p down about 38. all down about 3.5%. we'll be keeping an eye on the mart for you all morning long. now at 7:15, pre

rise from roughly $5 per share to nearly $375 began in 1997, when steve jobs returned as ceo. >> it just all works. >> reporter: apple debuted the ipod music player in 2001 and the online itunes music store has made apple the world's largest music retailer. >> iphone is like having your life in your pocket. >> reporter: then in 2007 came the iphone. the company has now sold 125 million of them. lately the ipad is helping push apple's stock. the company began selling the tablet computers last year and they're already changing the industry. >> do you like everything so far? well i'll try not to blow it. >> reporter: steve jobs has reportedly battled cancer, and some investors worry what becomes of apple without him. >> i don't see a lot of reason for them to slow down in the immediate future. >> reporter: analysts believe apple is on pace to become the world's first trillion-dollar company. ben tracy, cbs news, los angeles. >>> this morning on "the early show," the stock market's wild ride and what the fed is doing to boost the economy. i'm randall pinkston. this is the "cbs mo

on worldwide markets tomorrow, as well. >> problems on both sides of the atlantic. steve, does this downgrade from s&p hit americans' pocketbooks at home or not? >> there's plenty of confusion and concern about that, carl. we've never been in a situation where the world's benchmark debt, the united states, has been downgraded. so anybody who claims to know what they're talking about here, probably is making it up. there is concern, though, about interest rates, mortgage interest rates, credit card interest rates, some concern it may go up. but i will tell you, plenty of speculation on the other side that we've seen the worst of this. the market anticipated this and it's going to digest this latest bad news with pretty good equality the way it has with other things. >> michelle, steve, thanks. a quick program note there will be special coverage tonight on the markets, beginning at 8:00 p.m. eastern on cnbc. >>> tonight we're learning more about the attack on a u.s. helicopter in afghanistan that claimed the lives of 30 americans in the deadliest single incident since the ten-year war began. fo

for the moment. nbc's steve handelsman reports. >> reporter: in his first reaction since standard & poor's downgraded u.s. bonds late friday, president obama rejected the double-a plus rating. >> no matter what some agency might say, we've always been and always will be a triple-a country. >> reporter: but u.s. stock markets dropped sickeningly. the dow losing 5.55%. the s&p 500, 6.6%. the biggest drops in years. gold was up to an all-team high, $1,700, a sign investors are scared. by last week's debt ceiling deal, not big or bold enough. >> no one cuts entitlement spending. no one cuts tax reform. instead republicans and democrats show an ounce of backbone and actually do what's in the interest of the american people rather than what's in their own immediate political interest, i can't argue with s&p's conclusion. >> reporter: the president said the downgrade could spur on new debt talks. >> our problems are imminently solvable, and we know what we have to do to solve it. >> reporter: that, in turn, raised the head of standard & poor's. >> it was a bit of a new sense of urgency that we

the steve miller band. i would be jealous if you were. 90 in manassas. 09 in fredericksburg. 88 in leesburg. when we come back, we'll talk about when we get a break on the humidity and the heat. >>> 30 soldiers killed in afghanistan make their final journey home. coming up, how president obama honored their sacrifice. >>> but first, the violence rocking london spreads to other parts of england. more on the rioting. we have it next. frustration fr night of violence sweeps through that city. 15,000 police officers are on the streets trying to keep things calm. the rioting got started saturday after a 29-year-old man was shot. today it spread to manchester and nottingham as well and a photographer caught this picture of a woman, she is jumping from a burning building into the arms of the firefighters waiting below. fortunately she was not hurt. you have heard of criminals who steal electronics and resell them. what about the crooks who steal every day household items? prince georges county police say these four suspects are part of an organized shoplifting ring that has been operating in bowie

to nearly $375 today began in 1997 when steve jobs returned as ceo. >> it is just all work. >> apple debuted the ipod music player in 2001 and the online itunes music store made the world's largest retailer. then in 2007 came the iphone. the company has now sold 125 million of them. lately, it's this little thing called the ipad that is helping push apple stock. the company began selling these tablet computers last year and they are already changing the industry. >> you like everything so far? well i'll try not to blow it. >> steve jobs has reportedly battled cancer and some investors worry what becomes of apple without him. >> i don't see a lot of reason for them to slow down in the immediate future. >> analysts believe apple is on pace to become the world's first trillion dollar company. ben tracy, cbs news, los angeles. >>> modern medicine keeps getting more amazing. new research says a blood test that determines the fetus' sex is accurate close to perfect in some cases. the information in this week's journal of the medical association, researchers say the test is 95% accurate

look at the markets. cnbc's steve sedgwick live for us there. what happened yesterday, my friend? >> it was quite incredible. as sue was talking there, the magnitude of these moves was stunning. the s&p, which is a broad brush index of the united states, reversed directions six times. the dow was down within half an hour after the fed announcement. and then, rallied 600 points off its low. the s&p at one stage, was in bare market territory, having growing 400%, in its april high. you are in bear market territory. as far as the markets are concerned today, they're quite calm. they opened up and stayed up. we haven't seen the huge reversals of fortune. the nikkei, that was up 1% today. i'm looking at the big european markets. london is steady, up at 1.5%. the german market, up 2.5%. and the 600-point range we saw yesterday, they're down just 19 points. all very calm. albeit for the moment. back to you. >> we'll take calm for now. steve sedgwick, live for us in london. >>> senate majority leader, harry reid, revealing his choices for the debt supercommittee, the group charged with c

is hhre with the detaill. we begin with news from americannidol. idol. judge stevee tyler is asking for a raiss aater hearing about jnnifer lopez's deal.lopez is in the final stage of negotiating a ddal worth up to twenty million bucks to come back for the new reportedly worth ten million a - year. "american idol"" returnss or its eleventh 3 season in jaauary. january. chat-sources-steven is halfway through a two-year deal, and is management has asked forrmore moneywas just as sensational and as popular oo the panel as jenniffr. side, show bosses argue he's tied into a deal and has tt ssick to t." more drama... this timm behindd most popular shows - turned mov. movie. america's favorite gym teacher didn't make the cut in the new "glee" flick.despite appearing in the fill's ttailer... janee lynch's chhracter... sue sylvester-...will not be in "glee: the 3-d oncert movie" pue ouu friday.creator ryan murphy madeethe annouucement to cass members before saturday's premier.lynch will the film... to e released at a later ate. 3 chat-alter ego at emmys there's nn drama on se

neighborhood better and bring america back. and abc's steve osunsami decided to see the plan n action. >> reporter: they're the type of people that could help end the foreclosure crisis. dane and his sister-in-law have bought eight foreclosed homes this year for pennies on the dollar. after $15 hourks in upgrades and a month of hard work, it was transformed. >> if the government would get involved and offer more affordable finance options, it would make things easier. >> probably take 50% to 75% of the properties off the market within a year or two. >> reporter: washington is listening closely. they're looking at tax breaks. hemming investors get better financing. making sure there are families ready to trent homes investors purchase. the biggest idea, making it eas over the mortgage for a family in the home, and have the family pay rent. it's still your home? >> j.r. and his partner were struggling. an investor bought their home and pushed the monthly bill down to $850 in rent. >> we did not have to move. we're in the same community. >> reporter: rob davidson is the inveser. >> we ha

with impressive gains. steve handelsman has more. >> reporter: the stock markets were bouncing back the day after the big drop as federal reserve policy makers met in washington and decided against new intervention. the fed will keep interest rates super low as a stimulus for two more years and not buy more u.s. bonds. >> the fed is out of bullets. anything additional it can could has a marginal consequence. >> reporter: hearing a negative economic prediction, the markets dropped. >> thank you for coming out. >> reporter: in iowa tea party republican michelle bachmann blamed president obama for the crisis. >> president obama and the politicians have almost doubled the national debt in five years. that's why they're in trouble. >> reporter: democrats slammed the gop solution. much deeper spending cuts. >> you cannot balance the budget of the united states with 9 million to 14 million unemployed people, period. >> reporter: standard & poor's new york office, a plane flew a banner. thanks for the downgrade. you should all be fired. the fed move dwarn teed two years of easy borrowing could spur busin

are in. and that deadline, of course, is tomorrow. steve handelsman is on capitol hill with the latest. hey, steve. >> reporter: wendy and barbara, thanks, good evening. here on capitol hill today, vice president biden was saying this crisis is over. that americans can now turn their attention again to job creation. if, he said, if this agreement passes. [ banging gavel ] >> the house will be in order. >> reporter: can speaker john boehner get enough republicans to say yes to the debt ceiling deal? boehner hassling to do. many in the tea party will vote no. >> the problem isn't the debt ceiling. it's the debt. >> reporter: some liberal house democrats will vote no. >> there's no balance. there are no revenues. god forbid would he ask, as the republicans call them, the job creators, the millionaires and billionaires, to pay anything. >> reporter: the compromised plan would cut about $1 trillion in spending right away. form a new bipartisan super committee to find another $1.5 trillion in savings by november. if congress fails to act on those recommendations this year, broad spending cut

to leave interest rates at all time low. steve handlesman joins us live from capitol hill. what a day, steve? >> it was a day, barbara. at least the market ends up higher which makes the fed look a little better in the eyes of a lot of its critics. the fed many believe not a lot more it could do. basically said to the politicians in washington, up here on the hill, down here at the white house, you've got two years to fix the u.s. economy and we'll stand aside. >> the stock markets were bouncing back a day after the big drop. as federal reserve policy makers met in washington and decided against new intervention. the fed will keep interest rates super low as a stimulus for two more years and not buy more u.s. bonds. the markets, disappointed immediately dropped. >> anything the fed could do would have a marginal consequence. >> president obama was at the airport to greet the remains of those involved in the firefight over the weekend. >> president obama and the democrats have almost doubled the national debt in five years. >> reporter: the president made matters worse yesterday. >> an

. >>> let's check weather and traffic, here is steve. >>> we have mostly clear skies, now there is some fog and it seems there is always some fog but yesterday they got out of the gate fast and warmed up so if you are well away from the coast, still upper 80s and 60s and 70 closer to the coast with patchy fog. here is sal. >>> looking good heading south from pleasantton and fremont. interstate 80 coming in from berkeley all the way to oakland, 5:00 let's go to the desk. >>> we will begin with an arrest in the fatal shooting of a three-year-old boy. jade spoke with police and is back now to tell us where that investigation stands now, jade? >> reporter: they have confirmed at least one arrest in this case. i want to show you, we are live where the memorial has grown. it shows you just how much it means to the family who's son was shot. the intended targets were two men nearby at least one arrest has been made in this case and several others have been detained. the mayor pulled together for a vigil on the spot where the little boy was shot. the toddler did not survive. his

in the panel about this. steve hayes, senior writer for "weekly standard." juan williams, columnist with the hill. and syndicated columnist charles krauthammer. what about this action, charles? >> i thought the late-day rally that we saw probably started around 3:00, when the president would not address the country, cheering and thrown in the air. general international exuberance. that is an attempt at satire. trying to get a chuckle. >> bret: i figured i'd let you go. >> you have to explain yourself, it's -- >> bret: the crickets were chirping. okay. >> i guess i wasn't cut out for that. the real story is what happened around 2:00. the man who really runs america, chairman of the federal reserve said for two years, keep interest rates low. normally, the chairman will say words like indefinitely, or for a while. they'll use the obscure words. but he was extremely specific. this is a contrast from the predecessor. he spoke in language that was so opaque and obscure you think you were listening to distinct himalayandy lecht. this ilecht -- himalayan dialect. he said two years so at a

. it did it end up losing ground on wednesday in reaction to the resignation of steve jobs as the company's ceo. you'll remember in the pre-markets, the losses for apple were up on to 7% at one stage, but they did narrow and once trading started, the buyers were there. shares finishing less than 1% lower on on thursday. jobs of course an inspiration to many people including the company's co-founder, steve wozniak. here's what he told piers morgan about his former boss. >> after seef met me and we compared ourselves, what pranks we had pulled and what electronic -- what we'd done in electronics, and i come up with some very strange genius computer design, i didn't even think i'd ever have a job doing it, so after steve met me, never ride to be the designer of the pair. he went more global. he always thought in terms of products. how will they affect people. it's in the how do you connect a few chips together, it's what are they going to do that's useful. it'sing point. and the end user should always be number one. >> he also did think of the end user before wozniak was pretty reluctant to

of a pleasanton teenager. 43-year-old steve carlson did not enter a plea today. after a new test of dna evidence, police belief carlson murdered his classmate 14-year- old tina faels back in 1984. classmates of both faels and carlson reacted to the much delayed arrest. >> a lot of emotions, a lot of different emotions. it's a relief that he has been caught. but the anger that lingers that has built up over 27 years, i don't think will go away. >>> because carlson was 16 at the time of the crime, the case will initially be brought before a juvenile court judge when he appears in court next month. again, his case will likely be transferred. >>> a bold robbery in the middle of the night. two thieves ram into a wall and take off with an atm in concord. anne makovec explains how the whole incident took less than a minute. >> reporter: this surveillance video shows how thieves got know and out of the bingo hall within a minute. first you can see them looking to see if anyone is inside, then they ram a pickup through the front wall, back up, and ram it again into the atm machine which appears to be the

. joining us is steve massocca and bus from wedbush equity. good morning. >> good morning. >> is that the biggest news? the doubt is not in triple digits right now. >> this is one of the calmest days we have had. the volume is very light. all of the major companies are making less than one person lives. the treasury securities are doing quite well. within 10 year is down to yielding 2.3%. those markets are doing well. we appear to be returning to some state of normalcy. >> yesterday we pulled back. is the gold rush over? >> they raised the margin requirements on gold. whether the gold rush is over or not, i do not know. europeans have passed a short selling band. that is really a band-aid. right now i think you have to be careful. >> 70 countries and parliaments have to approve anything before it gets done in parliament. it could be months. boni think that germany is a big issue. and that will be the biggest participants in europe. >> the best things for the market is it is friday, at least there are two days of cooling off period >> a few days of rest for people who have

points, almost 4%. so, let's head now to atlanta, and abc's steve osunsami, who was with all those people loloing for work. hello, steve. >> reporter: good evening, diane. we canvassed some of the 90 companies that are here today and found that there are more than 2,000 jobs for hire. but no one was prepared for the thousands more who came pouring through these doors today. desperate for work, trying to get to this job fair, traffic here was backed up for miles and miles. thousands waited overnight. some camped out in their businene suits and office heels, in the stifling heat. >> i got here at 9:12. i got in there at, like, 1:58. >> i'm going to be positive. that's the only thing i can be right now. >> reporter: authorities treated 20 people for heat exhaustion and were struguging to keep the line moving and get people moved inside. >> you came out here to get a job, not to get sick. >> reporter: derek clayton, under the umbrella, is a former security guard with three children to feed. he's been looking for work since may. >> you got kids, you got bills, got to stay somewhere. you don't

that could make your neighborhood better and bring america back. and abc's steve osunsami decided to go out and see the process in action. >> have you got the numbers on it yet? >> reporter: they're the type of young business people that could help end the foreclosure crisis in america. dane and his sister-in-law have bought eight foreclosed homes this year for pennies on the dollar. and turnedd them into rentals. this one cost them just $22,000. after $15,000 in upgrades and a month of hard work, it was transformed. next week they plan to rent to it family in need. >> if the government would get involved and offer more affordable finance options, it would make things easier. >> probably take 50% to 75% of the properties off the market within a year or two. >> reporter: washington is listening closely. deciding this week to find new ways to make it easier for investors to buy up the country's 500,000 distressed properties. they're looking at tax breaks. helping investors get better financing. making sure there are families ready to trent homes investors purchase. the biggest idea, making it

at the markets as we get all up in your business this morning. we turn to cnbc's steve sedgewick, live in london for us. what's the latest on the markets? >> the latest is at one point, the open of the european indices, we thought we were going to have a much better day. they went into positive territory. now let me gif you a list of the biggest markets in europe and how they're performing. london is down the best part of 3%. the german market, which obviously represents the biggest economies in europe, one that's doing really well, was down 5% yesterday, is down 4.3% today so far. looking at the futures for the dow, the dow which closed down 5.5% in the 634 points yesterday, the dow is down again at start of trading, at the morning, .6 of 1% lower. it was down triple digits at one point. improving from the lower levels. >> so much of what's happening on wall street in the united states is tied to what's going on in europe. someone put it to me this way, that the countries are like our banks in 2008. in need of bailouts. is there even a european mechanism that could pull off something like that

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